Hack your home loan: most confusing mortgage disclosures

Mortgage disclosures: new and improved by: GINA POGOL Mortgage disclosures have changed a lot in recent years. While some older ones buried the loan’s most important terms in a sea of small print, that’s not the case today. Some of the most confusing mortgage disclosures are actually the least important ones. Here’s a quick rundown of what…

Where to buy: America’s most and least affordable big cities

by: ALY J. YALE  Courtesy of The Mortgage Report Affordability high in Motor City If you want affordable housing in one of the nation’s biggest cities, Detroit’s your answer. According to a recent ranking by Point2Homes, Michigan’s biggest city is also one of the most affordable big cities — the most, in fact – both in the U.S.…

Carson: New Reverse Mortgage Rules Will ‘Stop the Bleeding’

October 12th, 2017  |  by Alex Spanko  |  FHA, HUD, News, Reverse Mortgage Speaking at a hearing before the House of Representatives on Thursday, Department of Housing and Urban Development Secretary Ben Carson directly addressed recent changes to the reverse mortgage program. “When the reverse mortgage program was initiated, I think it was done with very good intentions, but without really…

Freddie Mac: Mortgage rates stay put, for now!

  September 28, 2017   Kelsey Ramírez  The Housing Wire   Mortgage rates came to a stop after increasing last week for the first time in months, according to the latest Primary Mortgage Market Survey from Freddie Mac. “Rates held relatively flat this week,” Freddie Mac Chief Economist Sean Becketti said. “The 10-year Treasury yield fell…

Mortgage Rates Lower, but Under Some Pressure

BY: MATTHEW GRAHAM Mortgage Rates Lower, but Under Some Pressure Decrease Font SizeTextIncrease Font Size Sep 6 2017, 4:55PM   Mortgage rates moved lower this morning, more by way of catching up with yesterday’s market movement than anything.  Specifically, bond markets (which underlie interest rates) were very little changed this morning.   Because mortgage lenders hadn’t fully adjusted…